Oxford Metrics

The Capital Markets Day was held on 18 April 2024.

18 Apr 2024 · Capital Markets Day

FY24 revenue came in at £41.5m, within the cut guidance.

“Revenue | £41.5m | -6% | £44.2m”3 Dec 2024 · Unaudited Preliminary Results

The December 2024 results confirmed a £6m buyback and M&A pipeline.

“Post period end, we were pleased to announce a return of up to £6m of cash to shareholders through the means of an on-market share buyback programme.”3 Dec 2024 · Unaudited Preliminary Results

Vicon Markerless launched in March 2025, a year later than FY24 start, but by FY26 conversion still needs improving.

“Markerless is now in the final stages of commercialisation, ready to realise modest revenues within the new financial year.”3 Dec 2024 · Unaudited Preliminary Results “In Markerless technology, the pipeline has continued to grow in value and customer interest remains strong across geographies, driven by its lower cost of ownership, ease of use and versatile application potential. The Group's focus is on improving conversion rates, supported by planned product updates throughout the financial year that are intended to broaden use cases”25 Feb 2026 · AGM Statement

Vicon Markerless general availability launch was on 19 March 2025.

“The culmination of these collaborative efforts will be commercialised at the general availability launch of Vicon Markerless for VFX on March 19th.”11 Mar 2025 · Vicon launch markerless motion capture

FY25 adjusted EBIT was £2.2m, in line with market expectations.

“Adjusted EBIT increased in line with market expectations as a result of higher Smart Manufacturing inorganic and organic volumes, continued high margin contribution from Motion Capture and improved cost discipline.”9 Dec 2025 · Audited Preliminary Results

Unification of Sempre and IVS was effective on 1 March 2026.

“As previously announced, Sempre and IVS will be unified from 1st March 2026 as Industrial Vision and Metrology Systems Limited (IVMS).”25 Feb 2026 · AGM Statement

The £6m was completed, and the £10m programme completed in May 2026 with 19.5m shares cancelled.

“Oxford Metrics has purchased and cancelled 19,505,301 Ordinary Shares of 0.25p each at an average price of 51.37p.”21 May 2026 · Completion of Buyback Programme

The strategy was set out on 17 June 2026, but about six months later than first indicated.

“We therefore intend to set out the strategy in H1 FY26, including priorities and the three-year framework we will use to measure progress, and expect to present it at an investor event, the details of which will be announced in due course.”9 Dec 2025 · Audited Preliminary Results “The event will provide further background on the Group's refined strategy and three-year framework focused on scaling the business, increasing recurring and repeatable revenue and supporting stronger margins over time.”17 Jun 2026 · Investor Event and Strategy Update

FY26 revenue guidance is £47-51m with an adjusted EBIT loss; FY24 revenue fell to £41.5m.

“The Board now expects FY26 revenue (being the 15 months to 31 December 2026) of £47.0m to £51.0m and Adjusted EBIT loss of -£0.5m to -£3.9m”9 Oct 2026 · Trading Update and Strategic Update “Trading since the publication of the interim results (being the six months ended 31 March 2026) on 17 June has been below the Board's expectations, reflecting changes in Vicon's established end markets, pressure on research funding and delays to major projects”9 Oct 2026 · Trading Update and Strategic Update

In October 2026 guidance was cut to £47-51m, far below market expectations.

9 Oct 2026 · Trading Update and Strategic Update

The savings target was expanded in October 2026 to £1.5-2.0m.

“The expanded programme is expected to deliver total net annualised savings of £1.5 to £2.0m, including the £0.6m already communicated, with c. £1.5m expected to benefit FY27 after planned reinvestment.”9 Oct 2026 · Trading Update and Strategic Update

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